Africa  

Angola's sovereign wealth fund to remove Quantum Global as asset manager

Source: Xinhua   2018-04-28 00:05:04

LUANDA, April 27 (Xinhua) -- Angola Sovereign Wealth Fund (FSDEA) intends to remove the company Quantum Global from the management of its assets, according to a statement released Friday, in Luanda by the Angolan Ministry of Finance.

FSDEA, which until January was headed by Jose Filomeno dos Santos, son of the long-term and former president, Jose Eduardo dos Santos, said in the document that it has "great concerns about how Quantum Global, a Swiss-based company, invests its resources."

Quantum Global, a Group of Companies in areas of Investment Management, Private Equity, Active Management and Research with focus on Africa was contracted by former FSDEA CEO to manage 3 billion U.S. dollars of its 5 billion U.S.dollars assets from the country's oil revenues.

The document added that based on expert inquiries conducted by specialized international consultants, FSDEA is taking appropriate steps to remove Quantum Global from the status of manager of its assets.

On April 22, an Angolan delegation headed by the current CEO of the Angolan Sovereign Fund, Carlos Alberto Lopes, travelled to the Republic of Mauritius for a round of negotiations with the local financial authorities as part of an ongoing investigation into the institution's assets.

Several bank accounts of the Angolan Sovereign Fund were recently frozen in Mauritius on suspicion of misappropriation of funds during the administration period of its former CEO, Filomeno dos Santos.

Editor: yan
Related News
Home >> Africa            
Xinhuanet

Angola's sovereign wealth fund to remove Quantum Global as asset manager

Source: Xinhua 2018-04-28 00:05:04

LUANDA, April 27 (Xinhua) -- Angola Sovereign Wealth Fund (FSDEA) intends to remove the company Quantum Global from the management of its assets, according to a statement released Friday, in Luanda by the Angolan Ministry of Finance.

FSDEA, which until January was headed by Jose Filomeno dos Santos, son of the long-term and former president, Jose Eduardo dos Santos, said in the document that it has "great concerns about how Quantum Global, a Swiss-based company, invests its resources."

Quantum Global, a Group of Companies in areas of Investment Management, Private Equity, Active Management and Research with focus on Africa was contracted by former FSDEA CEO to manage 3 billion U.S. dollars of its 5 billion U.S.dollars assets from the country's oil revenues.

The document added that based on expert inquiries conducted by specialized international consultants, FSDEA is taking appropriate steps to remove Quantum Global from the status of manager of its assets.

On April 22, an Angolan delegation headed by the current CEO of the Angolan Sovereign Fund, Carlos Alberto Lopes, travelled to the Republic of Mauritius for a round of negotiations with the local financial authorities as part of an ongoing investigation into the institution's assets.

Several bank accounts of the Angolan Sovereign Fund were recently frozen in Mauritius on suspicion of misappropriation of funds during the administration period of its former CEO, Filomeno dos Santos.

[Editor: huaxia]
010020070750000000000000011105521371422961
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
视频激情欧美第一区 | 一区二区不卡不卡高清在线 | 亚洲天堂一区二区三区 | 久久久国产99久久国产久首页 | 一本久久亚洲综合久久 | 亚洲国产天堂久久综合 |